Robert Moline, a top executive at Twin Cities-based HomeServices of America Inc., has retired, triggering a series of changes at the nation's second largest real estate holding company.
HomeServices, an affiliate of Berkshire Hathaway and the parent company of Edina Realty, said that Moline, the longtime president of HomeServices and CEO of the company's real estate brokerage division, will be replaced by five regional presidents.
The move is intended to help HomeServices manage its ongoing expansion. The company has already announced several large deals this year and Ron Peltier, the company's chief executive, said more are on the way.
"It is hard to predict as each transaction has its own pace, but we do have a robust pipeline through the end of the year," Peltier said in a statement.
The regional president roles are new. Each will maintain the responsibilities they now have as president and chief executive of the brokerages they already lead, but their new job requires them to provide additional support for the growing network of wholly owned brokerage companies.
Moline has been in the business nearly 30 years and has had several leadership roles, including CEO and broker of HomeServices of Nebraska.
In 2008, Moline became president and chief operating officer for HomeServices. In 2015, he was named chief executive of the company's brokerage division, where he was responsible for supporting the operations of the company-owned real estate brokerages, including more than 30 locally branded companies in 28 states.
In 2004 Moline was named Realtor of the Year by the Nebraska Realtors Association, and in 2017 he was named one of the "Most Powerful People in Real Estate Brokerage" by the Swanepoel Power 200 list.